Cimpress plc (NASDAQ:CMPR) Receives Average Rating of “Buy” from Brokerages

Cimpress plc (NASDAQ:CMPR) has been assigned a consensus recommendation of “Buy” from the five analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $80.50.

A number of equities analysts have recently issued reports on the company. Zacks Research raised Cimpress from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Wall Street Zen upgraded shares of Cimpress from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cimpress in a report on Monday, December 29th. Finally, Barrington Research restated an “outperform” rating and set a $83.00 target price on shares of Cimpress in a research report on Tuesday.

Cimpress Price Performance

Cimpress stock opened at $78.41 on Friday. The business has a 50 day simple moving average of $73.04 and a 200-day simple moving average of $64.82. Cimpress has a 12 month low of $35.21 and a 12 month high of $82.16. The stock has a market capitalization of $1.93 billion, a PE ratio of 87.12 and a beta of 1.73.

Cimpress (NASDAQ:CMPR) last announced its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.34. Cimpress had a net margin of 0.66% and a negative return on equity of 4.11%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $993.64 million. As a group, equities research analysts anticipate that Cimpress will post 3.69 EPS for the current year.

Insider Activity at Cimpress

In other news, EVP Sean Edward Quinn purchased 4,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was acquired at an average price of $62.79 per share, for a total transaction of $251,160.00. Following the completion of the transaction, the executive vice president directly owned 36,484 shares in the company, valued at $2,290,830.36. This represents a 12.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maarten Wensveen sold 22,830 shares of Cimpress stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $68.36, for a total value of $1,560,658.80. Following the transaction, the executive vice president directly owned 20,587 shares of the company’s stock, valued at $1,407,327.32. This trade represents a 52.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 10.20% of the company’s stock.

Hedge Funds Weigh In On Cimpress

Several hedge funds have recently added to or reduced their stakes in CMPR. First Horizon Corp purchased a new stake in Cimpress in the 3rd quarter valued at about $27,000. Allworth Financial LP grew its holdings in Cimpress by 250.0% in the third quarter. Allworth Financial LP now owns 518 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 370 shares during the period. Headlands Technologies LLC increased its position in Cimpress by 32.3% during the second quarter. Headlands Technologies LLC now owns 986 shares of the business services provider’s stock worth $46,000 after purchasing an additional 241 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Cimpress during the second quarter worth approximately $51,000. Finally, Quarry LP acquired a new position in shares of Cimpress in the 3rd quarter valued at $55,000. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Cimpress Company Profile

Cimpress NV is a global leader in mass customization and web-to-print services, offering businesses and consumers an online platform to design, order and personalize printed marketing materials and promotional products. As the parent company of Vistaprint and a portfolio of regional print service providers, Cimpress leverages proprietary technology to connect millions of small- and medium-sized customers with a network of manufacturing facilities around the world. Its product range spans business cards, brochures, signage, labels, apparel, packaging and a variety of bespoke merchandise.

The company traces its roots to Vistaprint, founded in 1995 by Robert W.